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	<title>Rushforth.net News and Notes</title>
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	<description>A dynamic newsletter from The Rushforth Firm, Ltd. This site contains general information, not legal advice.</description>
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		<title>Open Letter about the 2010 Tax Act</title>
		<link>http://news.rushforth.net/2011-01-07/open-letter-about-the-2010-tax-act/</link>
		<comments>http://news.rushforth.net/2011-01-07/open-letter-about-the-2010-tax-act/#comments</comments>
		<pubDate>Fri, 07 Jan 2011 16:56:22 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[January 7, 2011 Dear Friends: The estates of wealthy individuals who died in 2010 didn&#8217;t pay any federal estate tax, but that situation has changed. Under the recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010,” the federal estate tax, which disappeared for 2010, springs back to life this year and [...]]]></description>
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		<title>Open Letter re 2010 Estate Tax Repeal</title>
		<link>http://news.rushforth.net/2010-01-29/open-letter-re-2010-estate-tax-repeal/</link>
		<comments>http://news.rushforth.net/2010-01-29/open-letter-re-2010-estate-tax-repeal/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 23:02:30 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[January 29, 2010 To Our Clients, Former Clients, and Friends: Overview This letter is being sent to you because you are a colleague, a friend, a client, or a former client of The Rushforth Firm, Ltd. or a firm with which attorney Layne Rushforth was previously affiliated.  We are sending this letter to make you [...]]]></description>
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		<title>No Estate Tax in 2010?</title>
		<link>http://news.rushforth.net/2009-12-31/no-estate-tax-in-2010/</link>
		<comments>http://news.rushforth.net/2009-12-31/no-estate-tax-in-2010/#comments</comments>
		<pubDate>Thu, 31 Dec 2009 10:57:46 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[In 2001, Congress passed significant tax legislation that would gradually increase the estate tax exclusion, leading to the repeal of the estate tax in 2010.  To make the fiscal impact seem less, the Republicans crafted the legislation so that the repeal would only last one year, and the pre-2001 tax laws would become reinstated in [...]]]></description>
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		<title>Will Congress Act on Estate Taxes before 2010?</title>
		<link>http://news.rushforth.net/2009-12-17/will-congress-act-on-estate-taxes-before-2010/</link>
		<comments>http://news.rushforth.net/2009-12-17/will-congress-act-on-estate-taxes-before-2010/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 17:10:26 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[The 2001 tax act provided for a total repeal of the estate tax in 2010 and a reinstatement of pre-2001 tax laws in 2011 and thereafter.  It was assumed by everyone that Congress would act to either permanently repeal the estate tax or to otherwise modify the law prior to 2010.  No one would have [...]]]></description>
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		<title>House Passes Estate Tax Extension</title>
		<link>http://news.rushforth.net/2009-12-03/house-passes-estate-tax-extension/</link>
		<comments>http://news.rushforth.net/2009-12-03/house-passes-estate-tax-extension/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 20:01:15 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[On Thursday, December 3, 2009, the U.S. House of Representatives passed HR 4154, which essentially extends the 2009 gift and estate tax exclusions and rates indefinitely.  The &#8220;applicable exclusion&#8221; for the federal gift tax will remain at $1 million, and the &#8220;applicable exclusion&#8221; for the federal estate tax will remain at $3.5 million.  The act [...]]]></description>
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		<title>2009 Nevada Legislative Changes</title>
		<link>http://news.rushforth.net/2009-11-19/2009-nevada-legislative-changes/</link>
		<comments>http://news.rushforth.net/2009-11-19/2009-nevada-legislative-changes/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 14:06:47 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[The Legislative Committee of the Probate and Trust Section of the State Bar of Nevada, along with others, proposed some legislation intended to improve Nevada&#8217;s laws (the &#8220;Nevada Revised Statutes&#8221; or &#8220;NRS&#8221;) as they relate to estates and trusts.  This memo will attempt to highlight some of the key changes made by the 2009 legislature [...]]]></description>
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		<title>Estate Taxes in 2009 and Beyond</title>
		<link>http://news.rushforth.net/2008-08-28/estate-taxes-in-2009-and-beyond/</link>
		<comments>http://news.rushforth.net/2008-08-28/estate-taxes-in-2009-and-beyond/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 21:26:32 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[What will happen to the federal estate tax after the presidential election? Best Guess:  The current consensus of estate planning advisors is that the applicable exclusion will be frozen at $3.5 million, and we will never see the one-year repeal of the estate tax in 2010 followed by a reinstatement of pre-2001 tax law in [...]]]></description>
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		<title>2007 Nevada Law Changes</title>
		<link>http://news.rushforth.net/2007-06-23/2007-nevada-law-changes/</link>
		<comments>http://news.rushforth.net/2007-06-23/2007-nevada-law-changes/#comments</comments>
		<pubDate>Sat, 23 Jun 2007 18:34:40 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[The 2007 Nevada legislature made a few changes that affect trusts and estates.  (References to &#8220;NRS&#8221; are references to the &#8220;Nevada Revised Statutes&#8221;.) NRS Chapter 115 was amended to increase the homestead exemption amount from $350,000 to $550,000. Existing homesteads are automatically covered by this amendment. NRS Chapter 145 was modified to allow the deduction [...]]]></description>
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		<title>Senate Defers Estate Tax Repeal</title>
		<link>http://news.rushforth.net/2007-04-18/senate-defers-estate-tax-repeal/</link>
		<comments>http://news.rushforth.net/2007-04-18/senate-defers-estate-tax-repeal/#comments</comments>
		<pubDate>Wed, 18 Apr 2007 21:33:07 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[Under current estate tax law, the &#8220;applicable exclusion&#8221; for estate taxes is $2 million in 2007 and 2008, increasing to $3.5 million in 2009.  In 2010, the estate tax would be repealed, but in 2011 it would reappear, reverting to a $1 million exclusion.  In its 2008 budget resolution, the U.S. Senate voted to extend [...]]]></description>
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		<title>Pension Protection Act of 2006 Contains Charitable Giving Provisions</title>
		<link>http://news.rushforth.net/2006-08-15/pension-protection-act-of-2006-contains-charitable-giving-provisions/</link>
		<comments>http://news.rushforth.net/2006-08-15/pension-protection-act-of-2006-contains-charitable-giving-provisions/#comments</comments>
		<pubDate>Tue, 15 Aug 2006 20:27:55 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[The Pension Protection Act of 2006 [H.R. 4, 109th Cong, 2nd Sess. (2006)] was passed by Congress, and the President has indicated he will sign the bill. This act includes several provisions altering the tax treatment of certain charitable gifts and corporate-owned life insurance (COLI) arrangements. The bill allows an income tax exclusion for up [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Estate Tax Law Update</title>
		<link>http://news.rushforth.net/2006-08-11/estate-tax-law-update/</link>
		<comments>http://news.rushforth.net/2006-08-11/estate-tax-law-update/#comments</comments>
		<pubDate>Fri, 11 Aug 2006 19:30:31 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[On August 2, 2006 the Senate turned away Republican-sponsored tax reform legislation that would have adopted a $5 million &#8220;applicable exclusion&#8221; for estate tax purposes beginning in 2010. This proposal had been approved by the House of Representives on July 28. In addition to increasing the exclusion, the proposed legislation would have made the estate [...]]]></description>
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